Wed July 2, 2022
We suggested the June highs around 33,200 were a logical target. Yesterday's big rally confirms that to be the case.
It is not clear that the recent move down wa a ree test of the June low. As one can see the four hour chart is getting over done. so expect a short term top Friday Monday before another challenge of the June High.
TLT bonds
TLT has not quite rolled over but expect a dramatic drop when it does. The strong dollar is weighing on commodity and silver prices. As the dollar is in the main stream news surely a high is near by, I see articles on how much cheaper it is to tour Europe, etc, usually a sign of a top, not to mention universal disregard for the Euro.
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